80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: a new roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot for 3-4 cars are just a few of the many reasons that this is the ideal spot for tenants. Its central location is a quick 5-minute walk to the K&P Trail, a 10-minute walk to the Cataraqui River, and a 2-minute walk to Regiopolis Notre Dame High School. It is also a 3-minute drive to downtown Kingston and to central Kingston amenities. A rare opportunity in an ideally-situated area of the city, on the gentrifying edge of Kingston's downtown core. Current te 80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2 two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: anew roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot. This turnkey triplex is priced at a near 5% cap rate and won't last long!
Address
80 Thomas Street
List Price
$1,099,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Kingston
Sub-Area
22 - East of Sir John A. Blvd
Region
Frontenac
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
17
Bathrooms
3
Floor Area
2500-3000 Sq. Ft.
Lot Depth
130.66
Lot Size Units
Feet
Lot Width
40.58
Parcel Number
360540084
Occupant Type
Tenant
Cross Street
Thomas St & Patrick St
MLS® Number
X13562722
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement Area
Full
Postal Code
K7K 2E3
Posession Details
Flexible
Parking
Private Triple
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$4,768.14
Tax Year
2025
Interior Features
Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers, Water Heater
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 46-47 PL 154 KINGSTON PT 2 & 3, 13R12193; KINGSTON ; THE COUNTY OF FRONTENAC
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Ground | Bedroom | 3.69 x 3.61 | |
| Ground | Living Room | 4.19 x 4.81 | |
| Ground | Kitchen | 3.47 x 3.04 | |
| Ground | Bathroom | 2.38 x 1.61 | |
| Ground | Laundry | 3.02 x 2.38 | |
| Ground | Utility Room | 2.22 x 2.37 | |
| Second | Bedroom | 4.4 x 3.2 | |
| Second | Bedroom 2 | 3.32 x 3.15 | |
| Second | Bathroom | 2.25 x 1.75 | |
| Second | Living Room | 3.48 x 4.26 | |
| Second | Dining Room | 2.27 x 4.26 | |
| Second | Kitchen | 3.52 x 3.65 | |
| Third | Bedroom | 4.39 x 3.16 | |
| Third | Bedroom 2 | 3.46 x 3.18 | |
| Third | Living Room | 5.76 x 4.27 | |
| Third | Kitchen | 3.45 x 3.62 |